The Level Up Podcast w/ Paul Alex - The Real Reason Most People Stay Poor

Episode Date: September 21, 2024

In this eye-opening episode of The Level Up Podcast with Paul Alex, we explore a hard truth: The real reason most people stay poor isn't just due to circumstances—it's a result of mindset and habits.Key Takeaways:Scarcity Mindset: Many people are conditioned to believe that wealth is unattainable. Paul breaks down how overcoming these limiting beliefs is the first step toward financial freedom.Fear of Risk: Staying in a comfort zone may feel safe, but true wealth comes from taking calculated risks. Paul shares how his leap into the ATM business and merchant services paid off.Misuse of Resources: The poor often spend on items that depreciate, while the wealthy invest in assets that grow over time. Learn how to shift your focus from spending to investing.Lack of Action: Most people never act on their dreams, waiting for the "perfect time" that never comes. Paul emphasizes the importance of taking action now, with whatever resources you have.If you're ready to break the cycle and start building wealth, this episode will challenge your beliefs, push you to take risks, and help you create lasting financial change.“Your Network is your NETWORTH!”Make sure to add me on all SOCIAL MEDIA PLATFORMS:Instagram: https://jo.my/paulalex2024Facebook: https://jo.my/fbpaulalex2024Youtube: https://jo.my/ytpaulalex2024Linkedin: https://jo.my/inpaulalex2024Looking for a secondary source of income or want to become an entrepreneur?Check out one of my companies below to see if we can help you:www.ATMTogether.comwww.Merchantautomation.comFREE Copy of my book “Blue to Digital Gold - The New American Dream”www.officialPaulAlex.com

Welcome to the Level Up Podcast. I'm your host, Paul Alex. I went from being a cop to an eight-figure entrepreneur that helps average people like you and me make money every single day. I created this podcast to help you get motivated and to crush your goals. Let's win together.

Remember, I have your six. Get ready to level up right now. Welcome back to the Level Up Podcast with Paul Alex, where we focus on leveling you up and your mindset, business, and life. Today, we're going to be diving into the hard truth, the real reason most people stay poor. Like guys, look, here's a brutal reality. Most people stay poor not because of circumstances, but because of their mindset and habits. The first thing holding most people back is their belief system.

They've been conditioned to think that wealth is out of reach. That is not only for a selected few, but let me tell you this, that's a lie. I thought growing up in an immigrant family, in poverty, that I wasn't meant to be rich. But look, I'm a bloodline breaker now. I came from a humble background

working 80 to 100 hour work weeks in law enforcement, but I had to rewire my thinking to break free from that scarcity mindset. If you don't believe you can become wealthy, you'll never take the actions required to get there. The second reason why people stay poor, they're afraid of risk. They stick to what feels safe,

a steady paycheck, a comfortable routine, and even if it's keeping them stuck in the same financial rut. But here's the truth. You can grow your wealth. If you're not willing to take calculated risk, starting my ATM business, automated teller machines was a risk. Getting into credit card processing was a risk. But those risks paid off before I stepped out of my comfort zone. If you want to change your life, you have to get uncomfortable. You have to take the leap, even when it feels scary. Another reason why most people stay poor, they waste time and money on things that don't build wealth. They spend on things that lose value, luxury items, entertainment, distractions. Meanwhile, wealthy people invest

their money into assets, businesses, and opportunities that grow over time. The rich invest in things that pay them back. The poor spend on things that take from them. And finally, the biggest reason, lack of action. Most people have big dreams, but they never take the steps necessary to make those dreams a reality. They wait for the perfect time, the perfect opportunity, and they let fear paralyze them. So many people get stuck on analysis paralysis. So here's the truth. There's no perfect time. You have to act now with what you have and figure out along the way. If you want to break the cycle, build real wealth, it starts with your mindset, your willingness to take risk,

and your ability to invest in the right things. You can either stay comfortable and stay poor, or you can take action, get uncomfortable, and create the wealth you deserve. Guys, thanks for tuning in to the Level Up Podcast. I'm Paul Alex. Keep leveling up one step at a time, and I'll see you at the next episode. Let's level up. Remember, I always have your six. Make sure to share this episode with your family, friends, and anyone you care about. The world's already hard enough, and we need to take care of each other. Make sure to share this episode on Instagram, Twitter, Facebook, and share it with the world. Do me a big favor and tag me, Paul Alex. Also, keep the five-star reviews on iTunes coming. This episode is going to help change the way

the world thinks and will help everyone level up in their life. And lastly, if you want to continue to level up, learn more about business and life, then make sure to get a copy of my book, From Blue to Digital Gold, The New American Dream, on Amazon or at officialpaulalex.com.